/Elon Musk's Plans to Break Into $70B Satellite Market

Elon Musk's Plans to Break Into $70B Satellite Market

Billionaire Elon Musk wants to break into a $70 billion Pentagon satellite launch market monopolized by a Lockheed Martin-Boeing joint venture.

by Equedia
1 minute read
Elon Musk's Plans to Break Into $70B Satellite Market

Elon Musk’s Plans to Break Into $70B Satellite Market

Billionaire Elon Musk wants to break into a $70 billion Pentagon satellite launch market monopolized by a Lockheed Martin-Boeing joint venture. Testifying before U.S. lawmakers on March 5, he warned that the team’s dependence on Russian rocket engines poses supply risks. Yang Yang has more on Bloomberg Television’s “Bottom Line.”

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